Market Overview

Carbon Market in Colombia

Explore average pricing, vintages, and technologies for carbon credits originating from Colombia.

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Average I-RECs Price

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Weighted average of I-RECs

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Colombia Renewable Energy Certificates & Carbon Credit Marketplace

Access verified Colombia I-REC certificates and RENARE-registered carbon credits. In Colombia, corporate clean energy claims are driven by International Renewable Energy Certificates (I-RECs). Renewable Energy Certificates and Colombia Carbon Credits through Hestiya's transparent, blockchain-powered marketplace, built for Colombia ESG Reporting, Scope 2 reduction and Net-Zero strategies.

→ Buy Colombia I-REC Certificates → List a Colombia Project

17%

Share of Colombia's power mix from non-hydro renewables as of early 2026

2050

Colombia's Net-Zero target under its E2050 Long-Term Climate Strategy

85%

Year-on-year growth in I-REC redemptions, reaching roughly 4 TWh

10%

Minimum share of electricity supply mandated from non-conventional renewables (FNCER) since 2023

MARKET OVERVIEW

Colombia Renewable Energy, I-REC (ESG) & Carbon Credit Market Overview

Colombia's power system remains anchored by large hydropower, which accounts for roughly two-thirds of the country's installed generation capacity. These trace 1 MWh of renewable generation, enabling companies to meet Scope 2 carbon neutrality targets, CDP reporting, and RE100 standards. However, solar and wind are scaling quickly under the government's push to diversify the grid. Non-Conventional Renewable Energy Sources (FNCER), established under Law 1715 of 2014 and reinforced by a mandatory 10% supply share since 2023, are positioning Colombia as one of Latin America's fastest-growing markets for verifiable, tradeable Energy Attribute Certificates, with the International Renewable Energy Certificate (I-REC) standard as the country's internationally recognised instrument for proving renewable electricity consumption.

As global supply chains tighten disclosure requirements, there is an increasing demand for Colombia ESG data, Renewable Energy Certificates, Green Energy Certificate-style domestic instruments, Energy Attribute Certificates, carbon credits, Net-Zero commitments, and Decarbonization strategies that prove renewable electricity consumption and emissions reduction. Corporations with operations, suppliers, or sourcing relationships connected to Colombia are increasingly seeking credible ways to support Colombia's ESG goals, Scope 2 Renewable Energy Certificates claims, and broader Net-Zero commitments.

Hestiya provides access to verified climate assets through a transparent, blockchain-powered marketplace, spanning I-REC certificates, Renewable Energy Certificates, Energy Attribute Certificate documentation, and RENARE-registered carbon credits. Buyers and developers alike can discover, evaluate, and transact Colombia-based climate assets in one place, backed by verifiable ownership records and retirement documentation suited to formal Colombia ESG Reporting disclosures.

Colombia Renewable Energy Market: Growth, Policy & Climate Opportunity

Hydropower has long underpinned Colombia's grid, but solar is now the fastest-growing segment across both centralised and small-scale generation, concentrated in the Caribbean region and the high-irradiance department of La Guajira, which also holds some of the continent's strongest wind resources. Fundación ECSIM is Colombia's accredited I-REC Issuer under the I-TRACK Foundation, with each certificate corresponding to 1 MWh of verified renewable electricity generation. I-REC demand in Colombia has surged, with redemptions climbing roughly 85% year-on-year to reach approximately 4 TWh, driven largely by multinationals and RE100-committed corporate buyers with local operations.

Colombia also operates its own domestic renewable certificate, EcoGox, managed by grid operator XM. Similar in function to closed domestic GEC (Green Energy Certificate) schemes used elsewhere in Asia, EcoGox tracks renewable attributes within Colombia's national grid, but for Renewable Energy Certificate claims that need to be recognised internationally by frameworks such as RE100, CDP and the GHG Protocol, the globally interoperable I-REC standard remains the instrument of choice for cross-border corporate reporting.

  • Hydropower supplies roughly two-thirds of installed capacity, with solar and wind scaling fastest, led by La Guajira
  • FNCER supply mandate of 10% in effect since 2023 under Law 1955 of 2019 and MME Resolution 40060 of 2021
  • Fundación ECSIM-administered I-REC issuance, Colombia's internationally recognised Energy Attribute Certificate standard
  • Corporate Scope 2 Renewable Energy Certificates procurement through bundled and unbundled I-REC trades alongside the domestic EcoGox platform

Colombia Climate Policy & Sustainability Landscape

Colombia's E2050 Long-Term Climate Strategy, submitted to the UNFCCC in 2021, sets a Net-Zero target for 2050, targeting a 90% cut in greenhouse gas emissions from 2015 levels, with the remaining share balanced by nature-based and technological removals. Colombia's third NDC, submitted in December 2025, commits to an absolute emissions cap of 155–161 MtCO₂eq by 2035 and adds a dedicated Loss and Damage component. On the carbon market side, Colombia's national carbon tax, established under Law 1819 of 2016, lets companies offset part of their tax liability by purchasing domestic carbon credits registered with RENARE (the National Registry for the Reduction of Emissions and Removal of Greenhouse Gases), administered by the Ministry of Environment and Sustainable Development (MADS), subject to a cap introduced by Law 2277 of 2022.

Colombia does not yet mandate ESG Reporting for all companies, but sustainability disclosure is increasingly expected of listed issuers and large corporates, particularly around greenhouse gas emissions, renewable electricity sourcing and progress toward national climate goals — an area where verifiable, third-party-tracked certificates carry more weight than self-reported claims.

  • Net-Zero target: 2050 under Colombia's E2050 Long-Term Climate Strategy, with a 90% emissions cut from 2015 levels
  • Colombia Decarbonization strategy spanning power, land use and industry, reinforced by the national carbon tax and RENARE-registered offset market
  • Third NDC (December 2025) setting an absolute emissions cap of 155–161 MtCO₂eq by 2035, supporting national ESG Reporting momentum

COLOMBIA CLIMATE ASSETS AVAILABLE ON HESTIYA

Hestiya's Colombia Carbon Credits Marketplace and I-REC Marketplace enable organisations to purchase verified Renewable Energy Certificates, access RENARE-registered carbon credits, and support renewable energy procurement, all while meeting Colombia ESG and sustainability targets. The platform also functions as a Green Energy Certificate-style marketplace for buyers who need documented proof of renewable electricity consumption tied directly to Colombia-based generation assets.

Solar I-REC Certificates

Centralised and small-scale solar remain Colombia's fastest-scaling renewable segment, concentrated on the Caribbean coast, supporting I-REC-backed corporate Renewable Energy Certificate claims.

Wind Renewable Energy Certificates

La Guajira's world-class wind resources anchor a growing onshore wind pipeline, adding a renewable electricity supply eligible for certificate issuance and strengthening the case for Colombia Energy Attribute Certificate adoption.

Hydropower & Biomass Certificates

Large and small hydropower plants, alongside biomass generation, continue to underpin Colombia's grid and add a renewable electricity supply eligible for I-REC issuance.

Corporate Renewable Procurement (Bundled & Unbundled Trades)

Bundled and unbundled I-REC trades support direct corporate renewable offtake and Scope 2 Renewable Energy Certificates claims for large electricity users, including multinationals with Colombian operations.

RENARE-Registered Carbon Credits

Domestic mitigation and forest conservation projects registered with RENARE let companies offset a share of Colombia's carbon tax liability with verified, project-based carbon credits.

WHY CHOOSE COLOMBIA CLIMATE ASSETS?

  • Supports renewable energy procurement tied to verified solar, wind and hydropower generation
  • Helps meet Colombia ESG needs, including alignment with national climate and sustainability disclosure expectations
  • Supports Scope 2 emissions reduction through Energy Attribute Certificates
  • Enables Colombia Net-Zero strategies aligned with the 2050 target under the E2050 Long-Term Climate Strategy
  • Provides verified I-REC-backed climate assets, recognised by RE100, CDP and the GHG Protocol
  • Improves sustainability reporting transparency with retirement-ready documentation

COLOMBIA ESG REPORTING & SUSTAINABILITY COMPLIANCE SUPPORT

Companies sourcing Colombian climate assets through Hestiya can support a full range of Colombia ESG and sustainability needs, from documenting renewable electricity use to substantiating carbon reduction claims in annual sustainability disclosures. These reporting requirements are increasingly tied to verifiable, third-party-trackable certificates rather than self-reported estimates, and Hestiya's marketplace is built to meet that bar, including alignment with Colombia's RENARE registry and national carbon tax framework.

Specifically, Colombia's climate assets purchased through Hestiya can support:

  • Colombia ESG disclosures aligned with international frameworks
  • Sustainability disclosures covering renewable electricity sourcing
  • Carbon accounting for Scope 1, 2, and select Scope 3 categories
  • Renewable energy claims backed by verified certificate ownership records
  • Colombia's climate commitments, including Net-Zero and Decarbonization targets

STANDARDS & COMPLIANCE

Supported Sustainability Frameworks

  • RE100 Aligned
  • GHG Protocol Scope 2 Ready
  • CDP Reporting Support
  • ISSB Compatible Disclosure
  • ESG Reporting Support
  • RENARE Registry Compatible
  • Net-Zero Strategy Support
  • Renewable Energy Claim Support
  • Energy Attribute Certificate (EAC) Framework
  • I-TRACK / I-REC Standard Compatible
  • Colombia Carbon Tax (Law 1819) Non-Causation Compatible
  • Colombia E2050 & Third NDC Aligned

Frequently Asked Questions

I-RECs Pricing Trend

STEADY

Insufficient data to determine trend.

Market Outlook

CAUTIOUS

The market outlook for Colombia is cautious based on current trends.

Liquidity

LOW

LOW trading activity observed with 0 active records.

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